E Connect Chapter 7-QUEZ Save & Exit submit Questions 9-12 of 12) The following information apples to the questions displayed belowl New Deli is in the process of cosing its operations. It sold its three-year-old ovensto sicily Pizza for s2918oo The ovens originally cost$389/00o and had an estimated service ife of 10 years and an estimated residual value of S24000. New Deli uses straightline depreciation for all equipment. 1. Calculate the balance inthe accumulated depreciation account at the end of the third year